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Wolfspeed Inc. shares declined 8% in after-hours trading Wednesday, as the silicon-carbide chip maker projected disappointing revenue figures for the fiscal fourth quarter and next year.
Executives for Wolfspeed WOLF, which was formerly known as Cree, projected a fiscal fourth-quarter adjusted loss of 17 to 25 cents a share on sales of $212 million to $232 million, while analysts on average were projecting an adjusted loss of 12 cents a share on revenue of $233 million, according to FactSet. For fiscal 2024, Wolfspeed executives…
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